Jerome Powell actually said...

It is absolutely the case that Congress will need to authorize the Federal Reserve to issue a CBDC.

Chair Powell emphasizes Congress's role in authorizing a retail central bank digital currency.

06/20/2023

More Jerome Powell Quotes

We always turn over all of our earnings in every year.

We are not and will not be a climate policymaker.

I just want to say I think my colleagues feel the same way on the Board, that we are going to guard that border carefully.

What FedNow will do is it will enable all of the banks, any bank in the United States, not just the big ones, to offer instantly-available f...